Anomalies vs Outliers Anomaly detection, or finding needles in a haystack, is an important tool in data exploration and unsupervised analytic modeling. Anomaly detection also creates a path to supervised modeling by singling out key examples that an analyst can begin to classify as needles or hay. Those labeled examples are essential for supervised learning,
Much of the discussion in the predictive analytics discipline tends to deal with techniques and approaches that will help resolve a given business challenge or problem. In any approach or technique, though, integration of both technical(i.e. mathematics...
Melissa McCormack,Research Manager at predictive analytics research firm Software Advice, was recently interviewed about dark data by our Event Marketing Manager, Crystal Prag. Learn about businesses that can benefit from dark data extraction and processing, and also...
In anticipation of his upcoming conference presentation at Predictive Analytics World Healthcare in Boston, “Resource Optimization: Using Predictive Analytics to Forecast Hospital Patient Volume for Hospital Resource Allocation and Staffing,” we asked Nephi Walton, M.D., MS Biomedical...
It is obvious what predictive modeling algorithms like decision trees, neural networks, linear and logistic regression, and others are used for: building predictive models for classification and/or regression. However, they can be useful for many other tasks...
In anticipation of her upcoming keynote conference presentation at Predictive Analytics World Workforce in San Francisco, we asked Greta Roberts, CEO, Talent Analytics, and Program Chair of PAW Workforce, a few questions about her work in predictive...
In anticipation of his upcoming keynote conference presentation at Predictive Analytics World Healthcare in Boston, “Predictive Analytics: Advancing Precision and Population Medicine,” we asked George Savage, M.D., Co-Founder & Chief Medical Officer, Proteus Digital Health, a few...
What is an employer’s most business-critical corporate process? At or near the top of this list has to be hiring employees that deliver more value to their role and company than they cost to their employer. Employees...
A recent billion-dollar forecasting error in Walgreen’s Medicare-related business has shocked the company and investors. The CFO was pressured to leave after he cut his 2016 pharmacy-unit earnings forecast from $8.5 billion to $7.4 billion. The company...
Replenishment is an essential process in the retail supply chain. It is a key link in the chain that is interconnected with other functions such as allocation, promotions, planning, assortment, vendor compliance, and more. Furthermore, it is...
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